Short Interest in SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) Declines By 59.5%

SPDR Portfolio Corporate Bond ETF (NYSEARCA:SPBO) saw a large drop in short interest during the month of December. As of December 15th, there was short interest totaling 81,292 shares, a drop of 59.5% from the November 30th total of 200,618 shares. Based on an average daily trading volume, of 551,638 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 551,638 shares, the days-to-cover ratio is presently 0.1 days.

SPDR Portfolio Corporate Bond ETF Stock Performance

Shares of SPBO stock traded up $0.01 on Friday, hitting $29.42. The company had a trading volume of 260,632 shares, compared to its average volume of 931,116. SPDR Portfolio Corporate Bond ETF has a twelve month low of $27.84 and a twelve month high of $29.93. The company has a 50-day moving average price of $29.52 and a 200-day moving average price of $29.36.

Institutional Investors Weigh In On SPDR Portfolio Corporate Bond ETF

Several institutional investors have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR Portfolio Corporate Bond ETF by 82.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 881 shares of the company’s stock worth $26,000 after purchasing an additional 398 shares during the last quarter. Advisory Services Network LLC acquired a new position in SPDR Portfolio Corporate Bond ETF during the third quarter worth $49,000. Creative Financial Designs Inc. ADV boosted its stake in SPDR Portfolio Corporate Bond ETF by 17.3% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,934 shares of the company’s stock worth $86,000 after buying an additional 432 shares during the last quarter. MAI Capital Management raised its holdings in shares of SPDR Portfolio Corporate Bond ETF by 15.6% during the 3rd quarter. MAI Capital Management now owns 3,411 shares of the company’s stock worth $101,000 after acquiring an additional 460 shares during the period. Finally, Allworth Financial LP acquired a new position in shares of SPDR Portfolio Corporate Bond ETF during the 2nd quarter valued at about $103,000.

About SPDR Portfolio Corporate Bond ETF

The SPDR Portfolio Corporate Bond ETF (SPBO) is an exchange-traded fund that is based on the Bloomberg U.S. Corporate Bond index. The fund tracks an index of investment-grade US corporate bonds weighted in tiers by market value and issuer fundamentals. SPBO was launched on Apr 6, 2011 and is managed by State Street.